Banks fear fresh burden from new EU branch supervision plan

EBA insists enhanced supervision of largest branches will not bring additional requirements

EBA-head-office-new
EBA: significant-plus branches would be subject to a stricter version of the requirements

Banks are concerned about the ambiguity and potential added burden of proposed European Union supervision requirements for large cross-border branches in the European Economic Area (EEA).

The proposal, released in December, includes a test to determine “significant-plus” branches that would be subject to more intensive home and host supervision, and would need to have a separate risk assessment report. Speaking at a public hearing hosted by the European Banking Authority (EBA) on February 17

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